StockNews.com Lowers Travelers Companies (NYSE:TRV) to Hold

StockNews.com lowered shares of Travelers Companies (NYSE:TRVFree Report) from a buy rating to a hold rating in a research note issued to investors on Friday.

Other analysts also recently issued research reports about the stock. TD Cowen dropped their target price on shares of Travelers Companies from $261.00 to $252.00 and set a buy rating on the stock in a research report on Tuesday, April 23rd. UBS Group dropped their price target on Travelers Companies from $237.00 to $230.00 and set a neutral rating on the stock in a research note on Monday, April 22nd. Jefferies Financial Group reduced their price objective on Travelers Companies from $222.00 to $219.00 and set a hold rating for the company in a research note on Friday, April 19th. Evercore ISI dropped their target price on Travelers Companies from $253.00 to $250.00 and set an outperform rating on the stock in a research report on Thursday, April 18th. Finally, Roth Mkm reissued a buy rating and set a $240.00 price target on shares of Travelers Companies in a research report on Thursday, April 18th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies has a consensus rating of Hold and an average target price of $221.12.

Read Our Latest Report on TRV

Travelers Companies Price Performance

NYSE TRV opened at $203.34 on Friday. Travelers Companies has a 12-month low of $157.33 and a 12-month high of $232.75. The firm’s fifty day simple moving average is $212.47 and its two-hundred day simple moving average is $211.70. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $46.56 billion, a P/E ratio of 15.11, a P/E/G ratio of 1.08 and a beta of 0.62.

Travelers Companies (NYSE:TRVGet Free Report) last announced its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the company earned $4.11 earnings per share. Analysts forecast that Travelers Companies will post 17.59 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 10th were given a dividend of $1.05 per share. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Monday, June 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.07%. Travelers Companies’s dividend payout ratio (DPR) is 31.20%.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the sale, the executive vice president now owns 6,075 shares of the company’s stock, valued at $1,298,106. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at $4,877,860.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,635 shares of company stock valued at $3,980,827. 1.33% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Travelers Companies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock valued at $4,132,313,000 after buying an additional 148,012 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Travelers Companies by 36.8% during the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock worth $2,702,588,000 after purchasing an additional 3,158,979 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Travelers Companies by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,124,066 shares of the insurance provider’s stock valued at $595,075,000 after buying an additional 154,886 shares during the period. Norges Bank acquired a new position in Travelers Companies in the fourth quarter valued at approximately $282,593,000. Finally, Charles Schwab Investment Management Inc. grew its position in Travelers Companies by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,435,924 shares of the insurance provider’s stock worth $273,529,000 after acquiring an additional 40,114 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Company Profile

(Get Free Report)

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.

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Analyst Recommendations for Travelers Companies (NYSE:TRV)

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